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DoninGA
Employee
March 8, 2023

Online editions -

Enter 1099-r in the Search box located in the upper right of the program screen. Click on Jump to 1099-R

On the screen Did you get a 1099-R in 2022? Click on Yes

On the next screen click on Continue

On the screen Let's import your tax info Click on Change how I enter my form

On the screen How do you want to add your 1099‑R? Click on Type it in myself

On the screen Who gave you a 1099-R? select the type of 1099-R you received and Continue

 

After you have completed the entry of the Form 1099-R tax data one of the following screens will ask about QCD

March 8, 2023

You enter the form 1099-R for the QCD as any other form 1099-R as the form 1099-R bears no indication that it is a QCD.

 

If you are aged over 70 1/2 and the distribution is from an IRA (the box next box 7 is checked), then in the follow-up interview, TurboTax will ask you if the distribution is a QCD. If so, answer YES to the question. TurboTax will exclude it from taxation.

 

Please help this TurboTax article on QCDs for more information.

 

 

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